7 Apr 2015
EUR/JPY holds above 130.00, erases losses
FXStreet (Córdoba) - The euro managed to recover against the yen and erased losses. A weak Japanese currency across the board pushed the pair to the upside.
During the European session EUR/JPY dropped sharply and fell from 130.80 to 130.05, the lowest level since Friday. But the euro was able to hold above 130.00 and rebounded. During the US session it climbed to 130.80 and currently trades at 130.50, around the same level it closed yesterday.
EUR/JPY technical level
To the upside, resistance levels might lie at 130.80 (american session high), 131.05 (daily high) and 131.30 (Apr 6 high). On the opposite direction support could be located at 130.30, 130.00/05 (daily low, Apr 3 low) and 129.45/50.
During the European session EUR/JPY dropped sharply and fell from 130.80 to 130.05, the lowest level since Friday. But the euro was able to hold above 130.00 and rebounded. During the US session it climbed to 130.80 and currently trades at 130.50, around the same level it closed yesterday.
EUR/JPY technical level
To the upside, resistance levels might lie at 130.80 (american session high), 131.05 (daily high) and 131.30 (Apr 6 high). On the opposite direction support could be located at 130.30, 130.00/05 (daily low, Apr 3 low) and 129.45/50.